New protections for payday and installment loans take effect March 30
The CFPB’s rule protecting payday and installment loan borrowers takes effect on March 30, 2025.
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New protections for payday and installment loans slated to take effect next year
After a Supreme Court decision last month, the CFPB’s rule to bring common-sense consumer protections for payday loans and other kinds of high-cost credit will move forward.
New effort focused on financial issues facing rural communities
The Consumer Financial Protection Bureau has a launched a new initiative to focus on financial issues facing rural America. Our effort will initially focus on rural banking deserts, discriminatory and predatory agricultural credit, and manufactured housing.
Consumer use of payday, auto title, and pawn loans
A new analysis in our Making Ends Meet survey series looks at how consumers use payday, auto title, and pawn loans.
Understanding Consumer Experiences: Insights from CFPB’s 2016 Consumer Response Annual Report
We recently published our
Consumer Response Annual Report, which provides an overview of the complaints
we received in 2016.
We want to hear from the public about payday loans
New data shows payday and similar loans lead to consumers trapped in debt and our proposed rule aims to help those consumers.
We’ve proposed a rule to protect consumers from payday debt traps
New data shows payday and similar loans lead to consumers trapped in debt and our proposed rule aims to help those consumers.
Save the date: Join us for a Consumer Advisory Board meeting in Little Rock, Ark.
Join the CFPB's Consumer Advisory Board for a meeting with Director Cordray where we will discuss an auto lending education initiative, trends and themes...
Save the date, Kansas City, Mo.!
The hearing will feature remarks from CFPB Director Richard Cordray as well as testimony from consumer groups, industry representatives, and members of the...
New research shows online payday loan borrowers rack up steep fees
We recently released a study about payments for online payday loans and other high-cost online loans and their effects on consumers. We found that online...
Fall 2015 rulemaking agenda
An important part of the CFPB's mandate from Congress is to make rules governing consumer finance markets more effective and to create new rules when...
You have the right to a fair financial marketplace
Since 2011, we have secured over $10.8 billion dollars in relief for more than 25 million consumers harmed by illegal practices.
Save the date: Join us for the Summer Consumer Advisory Board meeting in Omaha, Neb.
Join us for a Consumer Advisory Board meeting with Director Cordray on Thursday, June 18 from 10 a.m. to 4 p.m. CST. During this meeting we will discuss...
Spring 2015 rulemaking agenda
An important part of our mandate is to make rules more effective and create new rules when necessary. Today, we're posting a semi-annual update of our...
Live from Richmond!
Today, we held a field hearing on payday lending in Richmond, Va. The hearing featured remarks from Director Richard Cordray, as well as testimony from...
Save the date, Richmond!
Join us for a field hearing in Richmond, Va. on payday lending. The hearing will take place on Thursday, March 26 at 12 p.m. EDT.
Fall 2014 rulemaking agenda
Today, we're posting a semi-annual update of our rulemaking agenda in conjunction with a broader initiative led by OMB to publish a Unified Agenda of...
Spring 2014 rulemaking agenda
Today, we're posting a semi-annual update of our rulemaking agenda in conjunction with a broader initiative led by OMB to publish a Unified Agenda of...
Live from Nashville!
We held a field hearing on payday loans in Nashville, Tennessee. The event featured remarks from Director Richard Cordray, as well as testimony from...
Update: Save the date, Nashville!
We're changing the location of our upcoming field hearing on payday loans to the Country Music Hall of Fame. The hearing will still take place on Tuesday...
Our first enforcement action against a payday lender
We announced an enforcement action against one of the largest short-term, small-dollar lenders in the country. The company has agreed to reimburse up to $14...
You can submit a payday loan complaint
Payday loans are typically marketed as a way to get quick cash when you need it. They are generally for small amounts due quickly, like on your next payday...
What military families should know about payday loans
Starting today, you can submit payday complaints to us. So this seems a good time to remind you that if you are a servicemember on active duty you, your...
December in August
August is usually a time when military families are wrapping up duty station moves, squeezing in summer vacations, and getting the kids enrolled in school...
Infographic: How people are really using payday loans
Read our white paper on payday loans and deposit advance products.